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Bitcoin (BTC) traded above the $22,000 level at press time after having crossed the crucial psychological $20,000 mark in the preceding 24-hour period.
Grayscale Bitcoin Trust (OTC: GBTC) to close 10.91% higher at $25.81.
Major altcoins followed Bitcoin’s lead and traded higher at press time. Ethereum (ETH) traded 10.06% higher at $642.65, while Litecoin (LTC) traded 14.97% higher at $92.
Bitcoin Cash (BCH) was up by 8.29% at $309.11, Chainlink (LINK) traded 8.07% higher at $13.42, while XRP traded 23.75% higher at $0.56.
Guggenheim Partners Chief Investment Officer Scott Minerd said Wednesday that, as per their “fundamental” work, Bitcoin should be around $400,000, Bloomberg reported.
Alex Mashinsky, CEO of Celsius Network, said that a dip to $14,000-$16,000 levels is inevitable in the short-term and that might be the “last time most of us will have a chance to buy bitcoin below $20K levels ever again.”